H.R. 5351: the Renewable Energy and Energy Conservation Tax Act of 2008
February 27, 2008
On Wednesday February 27th the House considered H.R. 5351: the Renewable Energy and Energy Conservation Tax Act of 2008. This legislation extends and modifies several energy-related tax credits, authorizes the issuance of $5.6 billion in tax-credit bonds to finance renewable energy and energy conservation efforts, creates a new tax credit for plug-in hybrid vehicles, and allows utility companies to recover the cost of "smart" electricity meters over a 5 year period.
H.R. 5351 offsets the cost of these incentives in several ways, including preventing the largest oil companies from qualifying for domestic production deduction, and it freezing the deduction at its current 6% rate for smaller oil companies.
I voted YES. The legislation passed and the entire vote is recorded below:
Contact: Alison M. Mills (617) 621-6208
Search Congress.gov for legislative information.
110 First Street
Cambridge, MA 02141
P: (617) 621-6208
F: (617) 621-8628